Fintel reports that on May 11, 2023, Citigroup maintained coverage of Genpact (NYSE:G) with a Buy recommendation.
Analyst Price Forecast Suggests 45.37% Upside
As of May 11, 2023, the average one-year price target for Genpact is 52.42. The forecasts range from a low of 47.47 to a high of $58.80. The average price target represents an increase of 45.37% from its latest reported closing price of 36.06.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Genpact is 4,774MM, an increase of 8.70%. The projected annual non-GAAP EPS is 3.06.
Genpact Declares $0.14 Dividend
On May 4, 2023 the company declared a regular quarterly dividend of $0.14 per share ($0.55 annualized). Shareholders of record as of June 9, 2023 will receive the payment on June 26, 2023. Previously, the company paid $0.14 per share.
At the current share price of $36.06 / share, the stock's dividend yield is 1.53%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.01%, the lowest has been 0.77%, and the highest has been 1.65%. The standard deviation of yields is 0.14 (n=237).
The current dividend yield is 3.82 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.28. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.41%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 880 funds or institutions reporting positions in Genpact. This is an increase of 36 owner(s) or 4.27% in the last quarter. Average portfolio weight of all funds dedicated to G is 0.33%, a decrease of 6.52%. Total shares owned by institutions increased in the last three months by 0.41% to 220,824K shares. 
The put/call ratio of G is 0.82, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 14,001K shares representing 7.62% ownership of the company. In it's prior filing, the firm reported owning 15,452K shares, representing a decrease of 10.37%. The firm decreased its portfolio allocation in G by 9.73% over the last quarter.
Nalanda India Equity Fund holds 13,144K shares representing 7.16% ownership of the company. No change in the last quarter.
Victory Capital Management holds 8,807K shares representing 4.79% ownership of the company. In it's prior filing, the firm reported owning 8,702K shares, representing an increase of 1.19%. The firm decreased its portfolio allocation in G by 38.62% over the last quarter.
Capital International Investors holds 6,391K shares representing 3.48% ownership of the company. In it's prior filing, the firm reported owning 4,520K shares, representing an increase of 29.28%. The firm increased its portfolio allocation in G by 37.71% over the last quarter.
VETAX - Victory Sycamore Established Value Fund holds 6,039K shares representing 3.29% ownership of the company. No change in the last quarter.
Genpact Background Information
(This description is provided by the company.)
Genpact is a global professional services firm that makes business transformation real. Led by the purpose -- the relentless pursuit of a world that works better for people -- the company drives digital-led innovation and digitally enabled intelligent operations for his clients. Guided by the experience reinventing and running thousands of processes for hundreds of clients, many of them Global Fortune 500 companies, the company drives real-world transformation at scale. Genpact thinks with design, dream in digital, and solve problems with data and analytics. Combining his expertise in end-to-end operations and his AI-based platform, Genpact Cora, focus on the details - all 90,000+ of his. From New York to New Delhi, and more than 30 countries in between, the company connects every dot, reimagine every process, and reinvent the ways companies work. The company knows that reimagining each step from start to finish creates better business outcomes. Whatever it is, Genpact will be there with you - accelerating digital transformation to create bold, lasting results - because transformation happens here.
See all Genpact regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
